Rich Get Richer, Thanks To Stimulus

[user_name_guest]

Mr Obama is a liberal, of course he is going to protect his rich pals.

Bush is a conservative and of course he protected his rich pals.


What asswipe hogwash this board has descened into.

Yet his fiscal policy is more liberal (big spender +, government bailing out +,). Don't forget the expansion of government.

you're . Let's hope to god you don't have grandkids. Because if you do, maybe they can learn from your mistake. Because you are a mistake (hence why people should be make the choice of abortion). You would make that mother of 14 look like mother of the year. Man, what was your mother thinking.

 

[user_name_guest]

Robert, you forgot the "Mission Accomplished" banner

yea that was stupid........good thing clinton did put one of those up after bosnia, somalia, rawanda or waco.....

How many Rwandans died in that genocide in 1994. I guess we don't value human life. After all, the 500,000 that died in the hands while the UN stand back were black. I bet if Katrina happened during Clinton's watch, we probably see the same thing. Look at Bush handling Sudan. Same thing that Clinton did, nothing. But why did Bush do something about Katrina. He should have let those people in the stadium suffer. I mean, we were fine when the genocide occurred in Rwanda. We were fine when Darfur region was experiencing ethnic cleansing. It took us a while to get involved with the ethnic cleansing in former Yugoslavic countries (only a couple thousands were slaughtered, not a big deal). It's okay that there are more blacks in poverty than Asians. They are being represented well by their constitutents in Washington. It's okay that the Unions in Michigan will suffer job loss. Those workers made sacrifice. Right, really. Michigan is such a fabulous place to live. People are flocking there. After all, it's going to be the modern refugee camp.

 

[Jon]

An international accounting standards board doesn't already exist?

Yes, it has existed for some time (since 2001). We've already spent millions working with other nations to develop an international standard of accounting.

How is Obama pushing this issue aside?

Has it come across his desk?

It seems like such an arcane technical issue, that it probably won't come up on his radar for quite some time.

SEC Chairwoman Mary Schapiro will likely delay the move. Before, some companies would be required to start making the change as soon as this year, and all companies would be required to change by 2016. They are now delaying it.

Why do you suppose Obama objects to this board's creation?

Again, the board exists, the implementation of the change is what is being delayed. I don't know that he's against it, but his appointment of Schapiro as SEC chairwoman will definitely cause delays.

Who loses by its development?

Everyone. Foreign and local investors, foreign and local corporations, employees for companies worldwide, consumers for these companies. By adopting these standards, we are further opening the world to a real global economy. Because all public companies in all countries that adopt these standards will use the same accounting methods, we can quickly, easily, and cost effectively compare corporations from different countries.

As it stands now, any company that deals in international trade has to release its financial statements in dozens of different formats in order to meet the standards of different countries. If everyone is using the same methods of accounting, companies can release their statements in one format. This saves time and money, and lots of it. We accountants aren't cheap.

It hurts everyone to delay this process any longer. Our economy is already in the shitter, now is the perfect time for this implementation. Since we're trying to fix problems and everything is a total mess, implementing these changes along with any other changes that come about during this process will work perfectly hand-in-hand.